Saturday, January 27, 2018

Change In The Creditable Withholding Tax Rate On Income Payments To Self-Employed Individuals Or Professionals

The following lncome Payments to Self-employed lndividuals or Professionals shall be subject to Eight Percent (8%): 

1. Professional fees, talent fees, commissions, etc. for services rendered by individuals; 

2. lncome distribution to beneficiaries of Estates and Trusts; 

3. lncome Payment to certain brokers and agents; 4. lncome Payments to partners of general professional partnership; 

5. Professionalfees paid to medical practitioners; and 6. Commission of independent and/or exclusive sales representatives, and marketing agents of companies.

1 comment:

  1. Does this means that thier withholding tax is also 8% right,but why is it that in efps their rate is still the same in WI010 (10%) and WI011 (15%)

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